The Financial Policy Committee (FPC) of Bank of England (BoE) has warned on Tuesday about possible financial outlook after Brexit. To tackle the possible lending market debacle, the committee has raised bank’s capital buffer requirement. However, the move has been criticized by the Brexit supporters whenever the referendum poll gets nearer.
United Kingdom
Prime Minister Cameron Denied Brexit Has Divided His Cabinet
Cameron accused journalists are getting over excited to hunt news on political rift. While five of his cabinet members are opposing him, and one had resigned.
UK's service sector records 2.8% growth in January
The service sector of Britain posted a 2.8% growth in January, accounting for roughly 80% of the nation's economy. The country's GDP increased by 0.6% during the fourth quarter of 2015.
‘The Hundred Group’ Members’ Consensus Survey To Decide Whether To Take Public Stance on Brexit
Members of The Hundred Group are being surveyed over their planning centering the referendum poll on Brexit. The group members are the finance directors of Britain’s largest listed as well as private companies. The survey appears following difficult past experiences in cases of other membership based business organizations prior to the referendum.
Dyson unveils Pure Cool Link air cleanser for household pollutants
Dyson with its new air purifier is aiming to create fresh air within the household environment. The company's newly launched Pure Cool Link air cleaner pledges to clean up the pollutants enveloping the home atmosphere.
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The £21-billion merger of London Stock Exchange (LSE) with Deutsche Börse is facing an increasing resistance from Germany. Politicians and senior industry leaders are concerned about losing the financial hub status of Frankfurt.
Airbnb is offering something adventurous for those who are lion-hearted. Sleeping beside sharks is really a thrilling experience and also a scary one. Airbnb offers this exhilirating night stay adventure for free provided you tell something about yourself and the main reason why you should be chosen as the lucky recipient.
As the country divided in the Brexit issue, British companies showed a little concern regarding Brexit. They considered Brexit do not affect their business activity.
After moving its headquarter for six years in Swiss, the petrochemical giant sets to return home. Founder and CEO Jim Ratcliffe planned to relocate its headquarter back to England.
In the wake of Brussels attack, more European countries are considering making new policies that would legally require tech companies to hand over encrypted information when needed. That will affect tech companies around the world as Apple is pushing forward to fight back in the U.S. as well as in Europe.
Royal Dutch Shell is reportedly seeking buyers for its North Sea assets following the merger with BG. The oil company intends to raise $30 billion from the sale of its global assets in order to balance the BG merger expenses.
Retired U.S. Army General David Petraeus intervened on Brexit issue. He compelled voters to choose to stay in European Union for the sake of security and war on terror.
Chancellor of Exchequer George Osborne in his latest budget has set a £100 million ($141 million) budget for research and development of autonomos vehicle. Driverless cars will be tested on the road next year.
CK Hutchison promise to extend coverage in the UK. European Commission are currently investigating whether to approve the acquisition or not.
